[Resolved]  Golden Forests India Ltd — Return on Investment

I had filed the following complaint on July 18, 2013. -------I have invested Rs 50,000/- in Golden Forests India Limited, registered head office at- SCO[protected], Golden Complex, Manimajra, Chandigarh (UT) - 160101 under account number 01/9/LCC30442, 02/40613 on 24/11/1998, receipt no 98/175865 dt. 12/12/1998. The maturity (value Rs 1,00,000/- and insurance value Rs 1,00,000/-) date was 16/05/2002 with enrollment number 1349633. Neither have I received any amount of money on maturity, nor any communication from the management of Golden Forests India Limited. There was a newspaper notification ( in The Indian Express) dt 25th Oct, 2004 stating that the Honorable Supreme Court of India has vide its orders dt. 19th Aug 2004 appointed a committee under the chairmanship of Justice R N Aggarwal (Chief Justice Retd) to take all the assets of Golden Forests India Limited into their custody, realize the assets, call for claims of creditors, scrutinize them and submit a report to the court within six months. The chairman of the committee asked the investors to submit their claim as per the format given in the notification. As per the format, I have submitted my claim along with the original receipts given by Golden Forests India Limited in 2004, by registered post. This is my hard earned money. I am a middle class man and have suffered a lot financially. In spite of 9 years, my claim has not been settled so far. Now I am retired from my services, M/s Electronics Corporation of India Ltd (ECIL), and am a senior citizen, aged 66 years. I don't have any provision in the public sector. Hence, it is much difficult for me to feed hand to mouth to my family and myself. Moreover, I am a diabetic patient, I have to spend a lot of money on medical expenses. Hence, I request you to pursue the matter with the committee appointed by the Honorable Supreme Court of India and please see to it that my maturity amount will be settled at the earliest possible time, so that I can able to feed myself and my family with the amount I receive with your intervention and pursuance. Otherwise, it is most difficult for me to survive with the family and there is no meaning if it is not settled in my lifetime as per the direction of the Supreme Court, and it would be a gross injustice on the part of the GFIL for no fault of mine ( I invested with good faith in the system). I once again humbly request your good self to see to it that my hard earned money is returned at the earliest possible time, for which act of kindness and sympathy towards the senior citizen, I will be grateful to you in my life.
Awaiting an early reply,
Yours truly,
Basappa B
Tel: +[protected][protected]

Till date no response received. Hence I request you to expedite the matter with GFIL, as I am a senior citizen who is unable to feed hand to mouth as I have invested my hard earned money with this people. I am very much thankful to you if you expedite the matter and response to my complaint at the earliest. Early action is highly appreciated.
With regards,
Basappa B
Cell: +91 [protected]
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Aug 14, 2020
Complaint marked as Resolved 
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